Settings8H · net · $10k
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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 16:00 UTC+0.0065%/8h= +7.1% APRnext payment +$0.65 per $10,000 · paid last 24h −0.003%
Price spread now: Phemex against HTX+0.031%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$320.324% of the position
Long on HTXShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days−0.094%−$9 on $10k
Price spread, last 4 days (all we have)+0.085%+$9 · spread now +0.031%, 7d avg +0.079%
Together, before fees−0.009%−$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phemex is 0.048% cheaper against HTX than usual: you would sell low and buy high (spread +0.031% now, against its 7-day average of +0.079%). If the spread goes back, that is −$5 on $10k: about 2.5 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.094%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BNB-USDT785.800.0100pay 0.0100% / 8h7h 33m$8.0M$10.3M75x
ShortPhemex BNBUSDT786.040.0165get 0.0165% / 8h7h 33m$68.5M$51.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against HTX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$13.61
Price spread: +0.031% → +0.079%
−$4.83
Slippage, 4 orders
−$8.42
Fee HTX: 6 bp × 2 orders
−$12
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$23.64
Costs to cover
0.324%
Break-even
19.2 days
Slippage from HTX: live order book, 5 min ago; Phemex: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 5 min ago0.60 bp8.3 bp −$810.6 bp −$10638.7 bp −$3,869doesn't fit
Sell Phemex live order book, 5 min ago0.06 bp8.1 bp −$88.9 bp −$8912.9 bp −$1,293doesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0166% / S +0.0337%1h785.38−0.052%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h786.37+0.073%$4K—25xas long as short
Kraken Futures PF_BNBUSD−0.0021%1h785.51−0.036%$2.5M$1.2M50xas long as short
GRVT BNB_USDT_Perp0.0000%8h786.12+0.041%$2.9M$27.5M10xas long as short
StandX BNB-USD0.0000%1h786.13+0.042%$848K$2.7M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h785.44−0.045%$9.5M—150xas long as short
Aster BNBUSDT+0.0022%8h785.27−0.067%$5.9M$18.4M200xas long as short
BingX BNB-USDT+0.0032%8h784.80−0.127%—$22.1M—as long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.455%$19K$789K30xas long as short
MEXC BNB_USDT+0.0038%8h786.30+0.064%$82.3M$12.2M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0038%8h785.16−0.081%$488.0M$810.4M75xas long as short
Lighter BNB+0.0096%1h784.81−0.126%$2.7M$3.6M20xas long as short
Nado BNB-PERP+0.0100%1h786.00+0.026%$1.4M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h785.37−0.054%$51.5M$17.6M10xas long as short
Pacifica BNB+0.0100%1h784.91−0.113%$1.2M$937K20xas long as short
Bybit BNBUSDT+0.0100%8h784.54−0.160%$138.2M$73.1M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h784.50−0.165%$53.3M$110.3M50xas long as short
Arcus BNB-USD+0.0100%1h784.90−0.114%$52K$125K10xas long as short
Gate BNB_USDT+0.0100%8h784.75−0.133%$39.3M$55.7M75xas long as short
KuCoin BNBUSDTM+0.0100%8h784.48−0.168%$27.7M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h784.26−0.196%$75.2M$32.4M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h785.800.000%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h785.32−0.061%$4.3M$4.9M—as long as short
edgeX BNBUSDC+0.0100%4h785.98+0.023%$4.1M$76.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h786.17+0.047%$158K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h785.47−0.042%$131K$942K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h785.96+0.021%$264K$358K50xas long as short
Derive BNB-PERP+0.0100%1h785.63−0.021%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h785.94+0.018%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h785.90+0.013%$386K$942K10xas long as short
HTX BNB-USDTlong+0.0100%8h785.80long leg$8.0M$10.3M75x
Paradex BNB-USD-PERP+0.0100%8h785.27−0.067%$78K$17K50xas long as short
Extended BNB-USD+0.0104%1h784.25−0.197%$1.8M$5.8M50xas long as short
Aevo BNB-PERP+0.0104%1h785.89+0.011%$378K$110K10xas long as short
Kalshi KXBNBPERP+0.0111%8h785.90+0.013%$159K$2.6M4.8xas long as short
Coinbase International BNB-PERP-INTX+0.0120%1h785.76−0.005%$547K$1.9M50xas long as short
Phoenix BNB+0.0120%1h786.32+0.067%$158K$38K10xas long as short
dYdX BNB-USD+0.0143%1h784.84−0.121%$157K$64K10xas long as short
BloFin BNB-USDT+0.0154%8h785.98+0.023%$17.8M$2.2M75xas long as short
Phemex BNBUSDTshort+0.0165%8h786.04+0.031%$68.5M$51.1M50x
Deribit BNB_USDC-PERPETUAL+0.0200%1h786.31+0.066%$1.5M$141K25xas long as short
Bulk BNB-USD+0.0212%1h785.97+0.022%$637K$83110xas long as short
01 Exchange BNBUSD+0.0232%1h785.24−0.071%$28K$3K10xas long as short
Reya BNBRUSDPERP+0.0319%1h785.01−0.100%$6K$3K40xas long as short
RISEx BNB/USDC+0.0355%1h784.99−0.102%$1.1M$911K20xas long as short
Hibachi BNB/USDT-P+0.0408%1h785.84+0.005%$67K$39K12xas long as short